Not sure where to invest? Take the 2-min quiz and we'll rank your top 10 suburbs.
Take the 2-min quiz12,000+ suburbs | 110k+ live listings | refreshed daily
Sign up free to save this suburb, build a shortlist, and compare against 12,000+ Australian suburbs.
See a sample suburb report before signing up or paying. | Take the 30-second product tour
Lower Plenty, VIC 3093
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,450,000
list-price estimate
Median Unit
$690,000
market range $625K-$750K
Gross Yield (units)
4.0%
1yr Growth (houses)
-2.3%
market range -10.0% to +7.5%
Investment snapshot for Lower Plenty
Lower Plenty has enough public data for first-pass screening across yield, vacancy, price and supply signals.
Read the full Lower Plenty verdict
Pros, risks, supporting metrics, investment score and cashflow. Included with Pro access.
Short-term access. No subscription. See all plans
See sample analysis before paying.
Investment score breakdown
See exactly which signals drive Lower Plenty - yield, growth, affordability, vacancy, livability, safety, and demographics.
Access from $20. Cancel anytime. See all plans
Secure checkout by Stripe. Cancel anytime.
Lower Plenty market and investor summary
Lower Plenty sits in VIC, postcode 3093. House prices have moved -2.3% over the past year. At 0.7% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 0.7% and a resident base that is not shrinking. Houses also take time to sell, around 65 days on market, so plan for a slower exit if you ever need one.
Living in Lower Plenty: people, income and schools
About 3,962 people live in Lower Plenty, a number that has held fairly steady over five years. The median age is 45, skewed a little older, and 82% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $112,000 a year, or roughly $2,160 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index).
There are 44 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 16 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 55 for walkability out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 3,962
- +1% over 5yr
- Median age
- 45 years
- Median household income
- $112,000/yr
- Households renting
- 18%
- Family households
- 52%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 44
- avg ICSEA 1100
- Unemployment
- 2.3%
- Distance to CBD
- 16 km
- Walk score
- 55/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Lower Plenty
View all →Frequently asked questions about Lower Plenty
What should I check before investing in Lower Plenty?
Lower Plenty has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.0% gives a usable rent-to-price starting point. Tight rental market (0.7% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Lower Plenty?
The median property price in Lower Plenty, VIC 3093 is $690K for units.
What rental yield does Lower Plenty show?
The gross rental yield in Lower Plenty is 4.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Lower Plenty?
House prices in Lower Plenty are down 2.3% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Lower Plenty?
The current vacancy rate in Lower Plenty is 0.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Lower Plenty?
Lower Plenty has a population of approximately 3,962 residents, with a median age of 45.
What schools are near Lower Plenty?
There are 44 schools within roughly 5km of Lower Plenty. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Lower Plenty's population growing?
The population of Lower Plenty has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Lower Plenty from the CBD?
Lower Plenty is about 16 km from the CBD.
Keep researching with PropRadar
Free tools for the rest of your investment decision, no card required.
Beyond each listing
PropRadar works across your whole search: shortlists and portfolios start free, while heavier discovery, export and advisory workflows are available on paid tiers.
Portfolio tracking
Track owned properties with portfolio value, LVR, yield, cashflow and allocation rolled up in one place.
Open portfolioWatchlists and saved searches
Shortlist up to 5 properties and suburbs for free. Essentials raises the limits and adds saved search alerts.
Open watchlistDeal Finder
A live Pro browser for undervalued listings with solid yield, ranked so thin price gaps stay out of the list.
Open Deal FinderMarket Finder
Shortlist suburbs by yield, growth, vacancy, active inventory and sales depth before you inspect individual listings.
Open Market FinderStrategy tools
Hold vs Sell, Stress Tester, Strategy Recommender and Portfolio Rebalancer for decisions across several properties.
Open toolsBuilding a product on property data? Explore the PropRadar API